We would love to hear your thoughts about our site and services, please take our survey here.
@the_chuz.
I didn't see your reply on this thread until now.
You called a 16% increase in SP as "noise" after you had sold just before the rise. You then said that the price had 'dropped back to where it was before the noise', which wasn't true, and then that it was good to see that the positivity had dropped.
Even if you were correct, which you weren't, two wrongs don't make a right and you are just as at fault for the continuation of the messages that you have say you have been so distressed about.
Anyway enough of this. Have a good afternoon all:-)
Chaebol, to be honest you also said this 'had' to go to 79-91p many times recently which didn't occur or have any justification far as I can see as well as you being as misleading as you claim others to be no need to act like a martyr. Sure you've been right on occasion, as have many bullish or bear as both views evolve back and forth over time, but you are squarely in the misleading camp for me as well as a few who mislead the other way. It's all the same.
Yes, of course as global hashrate increases and halfing occurs all will have a smaller piece. That goes for all miners regardless of size.
But my point is valuation and the growth that Argo can achieve vs the others. You mentioned that Mara and Riot could 'easily' raise Argo's whole Mcap. Well they need to in order to retain their currently very large Mcap values at this point.
Argo with a much smaller Mcap could exceed their growth in percentage value over the near term with the current plans and defi investments as less is needed to grow more.
You can't really compare Riot or Mara's fundraise to Argo as they need a significantly higher amount to stay on top of their valuation in the near term whereas Argo can grow considerably with their current plans and valuation. The longer term might be different for everyone but as I see it Argo have the ability to outperform other miners over the next few months.
You're completely disregarding the vastly different Mcaps of the two companies and the difference of the growth that is needed to sustain the SP and for it to grow considerably.
Yes, Argo have a smaller planned hashpower (for the time being) but they are also vastly lower in Mcap than Riot. Argo also have several defi investments which could bring a significant return for a company of it's size. Certainly enough to grow considerably from this point along with their plans and mining upgrades.
I have very little belief in the notion of a "paid deramper" (or ramper) or discussion on a forum effecting the SP of a company to a considerable degree, however, to that same effect someone could have belief in a company and their investment without being told they have "fallen in love" with a share by someone else just because that person has chosen not to invest or has sold.
A factual debate is always the best and both sides have equally failed and succeeded at times in that. Some have been more outspoken with their criticism and some have been more outspoken with their praise. Both have factual errors at times and so provoked the others.
The Chuz for me lost my attention when they felt a need to write a message to share their 'enjoyment' that the SP had fallen at a certain point and that the lowering of positivity was nice to see. That was beyond the two 'camps' and completely unnecessary.
I absolutely believe that the SP will be considerably higher than this before year end based on the fundamentals and plans which include defi growth along with of course BTC.
So I believe in this share and I don't think I have to be "in love" with it to do so.
That's what I was alluding to, Boraki ;-)
BTC is in oversold territory and next level of resistance isn't until $58.5k so room to move up. Then a move to exit the kumocloud comes into play at $59.6 which could trigger a rise into the 60s.
Argo operational update next week and a PR campaign seems to be on for this week.
@krautyankee.
"PW definitely, or at least likely, confirmed the following"
Then you begin a long list of assumptions YOU have made from the interview including the length of the current BTC which you seem to know(?) and completely your own timeline of current machine delivery and installation which you seemingly picked from thin air and not one PW made.
Your slanted list was certainly not things PW "definitely" confirmed in the interview but rather you making your own "version" of it.
Moreover a lot of questions regarding Argo was not information that he could give in an interview but need to be RNS'd. Hence why your assumptions are simply that; YOUR assumptions which you for some reason choose to relay as fact..
I must say, unsurprisingly, that I had quite different view on the interview and find the near term is very interesting.
I must say I'm quite interested in Argo Labs. Seems like something that could add a lot of value and possibly spin off into a separate company with Argo as an umbrella corporation. Probably not the biggest revolution the world has seen but surely something very profitable and that definitely has my interest.